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Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases Ìý
Summary of components of lease expense

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​

​

​

​

​

​

​

​

​

Years ended December 31,

​

​

2023

​

2022

​

2021

​

​

amounts in millions

​

Finance lease cost

​

​

​

​

​

​

​

Depreciation of leased assets

$

21

​

32

​

35

​

Interest on lease liabilities

​

3

​

5

​

6

​

Total finance lease cost

​

24

​

37

​

41

​

Operating lease cost

​

71

​

89

​

89

​

Short-term operating lease cost

​

67

​

—

​

—

​

Sublease income

​

(3)

​

(3)

​

(4)

​

Total lease cost

$

159

​

123

​

126

​

Schedule of remaining weighted-average lease term and weighted-average discount rate

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​

​

​

​

​

​

​

​

2023

​

2022

​

2021

​

Weighted-average remaining lease term (years):

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​

​

​

​

​

​

Finance leases

​

3.0

​

24.4

​

27.7

​

Operating leases

​

7.3

​

8.2

​

8.4

​

Weighted-average discount rate:

​

​

​

​

​

​

​

Finance leases

​

2.3%

​

4.5%

​

4.7%

​

Operating leases

​

5.2%

​

5.3%

​

5.2%

​

Supplemental balance sheet information for leases

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​

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​

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December 31,

​

​

2023

​

2022

​

​

amounts in millions

​

Operating leases:

​

​

​

​

​

Operating lease right-of-use assets (1)

$

315

​

344

​

​

​

​

​

​

​

Current operating lease liabilities (2)

$

53

​

53

​

Operating lease liabilities (3)

​

323

​

349

​

Total operating lease liabilities

$

376

​

402

​

​

​

​

​

​

​

Finance Leases:

​

​

​

​

​

Property and equipment, at cost

$

33

​

491

​

Accumulated depreciation

​

(12)

​

(181)

​

Property and equipment, net

$

21

​

310

​

​

​

​

​

​

​

Current finance lease liabilities (2)

$

5

​

7

​

Finance lease liabilities (3)

​

10

​

117

​

Total finance lease liabilities

$

15

​

124

​

(1) Included in Other assets in the consolidated balance sheet
(2) Included in Other current liabilities in the consolidated balance sheet
(3) Included in Other liabilities in the consolidated balance sheet

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Schedule of cash flow information related to our leases

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​

​

​

​

​

​

​

​

​

Years ended December 31,

​

​

2023

​

2022

​

2021

​

​

amounts in millions

​

Cash paid for amounts included in the measurement of lease liabilities:

​

​

​

​

​

​

​

Operating cash flows for operating leases

$

84

​

86

​

89

​

Financing cash flows for finance leases

$

7

​

7

​

5

​

​

​

​

​

​

​

​

​

Right-of-use assets obtained in exchange for lease obligations:

​

​

​

​

​

​

​

Operating leases

$

30

​

17

​

11

​

Summary of maturities of our operating leases

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​

​

​

​

​

​

​

Finance leases

​

Operating leases

​

​

amounts in millions

​

2024

$

4

​

69

​

2025

​

6

​

72

​

2026

​

5

​

64

​

2027

​

—

​

59

​

2028

​

—

​

52

​

Thereafter

​

—

​

132

​

Total lease payments

​

15

​

448

​

Less: implied interest

​

0

​

72

​

Present value of lease liabilities

$

15

​

376

​

Summary of maturities of our finance leases

​

​

​

​

​

​

​

​

Finance leases

​

Operating leases

​

​

amounts in millions

​

2024

$

4

​

69

​

2025

​

6

​

72

​

2026

​

5

​

64

​

2027

​

—

​

59

​

2028

​

—

​

52

​

Thereafter

​

—

​

132

​

Total lease payments

​

15

​

448

​

Less: implied interest

​

0

​

72

​

Present value of lease liabilities

$

15

​

376

​